Q2 2024 EPS Estimates for Mr. Cooper Group Inc. Increased by Analyst (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) – Wedbush boosted their Q2 2024 earnings per share estimates for shares of Mr. Cooper Group in a report released on Thursday, April 25th. Wedbush analyst J. Mccanless now anticipates that the company will earn $2.44 per share for the quarter, up from their previous estimate of $2.16. Wedbush currently has a “Outperform” rating and a $100.00 target price on the stock. The consensus estimate for Mr. Cooper Group’s current full-year earnings is $9.48 per share. Wedbush also issued estimates for Mr. Cooper Group’s FY2024 earnings at $9.45 EPS.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%.

Several other research firms have also issued reports on COOP. Jefferies Financial Group upped their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Barclays upped their price target on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.22.

Mr. Cooper Group Trading Down 2.6 %

Mr. Cooper Group stock opened at $77.20 on Monday. The stock has a market cap of $5.00 billion, a P/E ratio of 8.08 and a beta of 1.38. Mr. Cooper Group has a 52 week low of $41.74 and a 52 week high of $81.98. The stock has a 50 day moving average of $75.21 and a 200-day moving average of $66.98.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Mr. Cooper Group by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock valued at $496,608,000 after buying an additional 391,780 shares in the last quarter. Wellington Management Group LLP boosted its stake in Mr. Cooper Group by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company’s stock valued at $111,674,000 after buying an additional 25,351 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Mr. Cooper Group by 12.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock valued at $103,787,000 after buying an additional 182,014 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mr. Cooper Group by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company’s stock valued at $50,067,000 after buying an additional 37,823 shares in the last quarter. Finally, Norges Bank bought a new position in Mr. Cooper Group during the fourth quarter valued at about $47,104,000. Institutional investors own 89.82% of the company’s stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Mr. Cooper Group news, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the transaction, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock valued at $5,712,250 over the last three months. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.